Bitcoin Ascends on Twitter While Major Altcoins Hit Multi-Year Lows

Bitcoin Ascends on Twitter While Major Altcoins Hit Multi-Year Lows

Major altcoins have seen their Twitter presence greatly reduced in the wake of the recent cryptocurrency market crash. According to data from Bitinfocharts, major altcoins such as Ethereum, Litecoin, and XRP now find their Twitter mentions nearing two and even three-year lows. Meanwhile, Bitcoin’s Twitter presence doubled in the first three months of 2020, though its tweet count remains a long way off of its 2017 all-time high.

XRP tweets hit 21 month low

Earlier this week, on March 21st, tweets bearing the hashtag #XRP numbered 2,542. That’s a 60% drop since January 2020 alone, when XRP tweets ranged between 6,000 and 7,000. The last time XRP’s daily tweet count fell as low as 2,500 was in July 2018, almost 21 months ago. XRP’s all-time high Twitter surge didn’t come during the 2017-2018 bull run, unlike most other coins. Instead, the peak of XRP Twitter engagement to date remains September 21st, 2018, when XRP was tweeted out 20,000 times according to Bitinfocharts. As readers may recall, that date coincides with the first whispers regarding the then-rumoured launch of Ripple Labs’ xRapid - an XRP-based payment solution for financial institutions. Boosted by the much anticipated product launch, the price of XRP almost tripled in the week leading up to September 21st. Read More...